Dogecoin DOGE/USD traded up 9.31% to $0.0659 late Tuesday following reports suggesting Tesla Inc. TSLA Elon Musk will continue his initial offer of $54.20 for Twitter Inc. TWTR. Over time, Musk’s tweets related to Dogecoin on the social media platform have led to massive price swings for the crypto meme, especially in 2021.
Musk, a Dogecoin bull, has shown himself to be open to integrating Shiba Inu-based crypto on Twitter, and if he continues this period and becomes the owner of the social media company, Dogecoin’s usefulness could increase. ..Read more
What else is going on with crypto?
The crypto was otherwise volatile in September in tandem with major US indices. Major indexes fell in September following further policy tightening from the Federal Reserve and after August CPI data showed worse than expected inflation. This raised risk aversion sentiment in September and also raised the possibility of further Fed policy tightening to rein in inflation.
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